INX Media Case: CBI grills P Chidambaram for nearly four hours

The agency has alleged irregularities in the clearance of foreign investment in INX media, a venture promoted by former media baron Peter Mukerjea and his wife Indrani, both probed by the CBI in connection with the murder of their daughter Sheena Bora, sources said.

Chidambaram's alleged role has come under the scanner of investigating agencies in connection with the Foreign Investment Promotion Board (FIPB) clearance of Rs 305 crore given to INX media.

The Central Bureau of Investigation (CBI) on Wednesday questioned former Finance Minister and senior Congress leader P Chidambaram for nearly four hours today in connection with alleged irregularities in clearances to foreign investments in INX media during his tenure.

The agency has alleged irregularities in the clearance of foreign investment in INX media, a venture promoted by former media baron Peter Mukerjea and his wife Indrani, both probed by the CBI in connection with the murder of their daughter Sheena Bora, sources said.

Chidambaram's alleged role has come under the scanner of investigating agencies in connection with the Foreign Investment Promotion Board (FIPB) clearance of Rs 305 crore given to INX media.

The CBI had registered an FIR on May 15 last year for alleged irregularities in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Chidambaram was the finance minister during the UPA-I government.

Chidambaram's son Karti Chidambaram was also arrested in the case for allegedly receiving funds to the tune of Rs 10 lakh.

The other accused in the case include then INX media director Indrani Mukerjea and the then INX news director, Peter Mukerjea, both in jail in the murder case of 24-year-old Sheena Bora, who was Indrani's daughter from previous marriage.